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Tag: marketing and advertising

  • Google’s core business is slowing down amid recession fears | CNN Business

    Google’s core business is slowing down amid recession fears | CNN Business

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    New York
    CNN Business
     — 

    Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic downturn and recession fears are having on the online ad market.

    Google parent company Alphabet

    (GOOGL)
    on Tuesday reported earnings results for the third quarter that fell short of Wall Street analysts’ estimates for both sales and profits, due in large part to a sharp slowdown in the growth of its core advertising business.

    It reported revenue of nearly $69.1 billion, up just 6% from the same period in the prior year. Google’s advertising revenues grew just 2.5% year-over-year, compared to the 43% growth it posted a year ago. YouTube’s ad business, which competes with TikTok, was especially hard hit, with revenue declining nearly 2% from the year-ago quarter.

    Google’s net income, meanwhile, came in at $13.9 billion, down more than 26% from the year prior and well below the $16.6 billion analysts had projected.

    The company’s shares fell 6% in after-hours trading Tuesday following the report.

    Sundar Pichai, CEO of Alphabet and Google, nodded to the tougher economic climate in a statement included with the results.

    “We’re sharpening our focus on a clear set of product and business priorities,” Pichai said. “We are focused on both investing responsibly for the long term and being responsive to the economic environment.”

    Tech companies, including Google, reported that they’d started to feel the impact of declining online ad spending in the prior quarter. High inflation, looming recession fears and the ongoing war in Ukraine have all continued to weigh on the industry.

    Growth in other areas of Google’s business also appear to be slowing. Google Cloud revenue grew 37% year-over year, a deceleration from the nearly 45% growth it posted in the year-ago quarter, and the segment’s net loss increased to $699 million from $644 million during the same quarter last year.

    Net loss from Google’s “Other Bets” segment, which includes business efforts such as its self-driving car unit Waymo, also accelerated year-over-year during the quarter to $1.6 billion.

    “Google delivered a disappointing quarter with the search giant underperforming our expectations across almost all business units, most importantly its core ad search segment,” said Investing.com Senior Analyst Jesse Cohen.

    During a call with analysts Tuesday, Pichai said the company has begun “realigning resources to invest in our biggest growth opportunities.”

    “Over the past quarter, we have made several shifts away from lower priority efforts to fuel highest growth priorities,” Pichai said, adding that the company plans to cut back on headcount additions during the final three months of the year.

    Google CFO Ruth Porat said on the call that strong growth in the fourth quarter of 2021 will make year-over-year ad revenue growth comparisons to the current quarter difficult, and that the strength of the US dollar is expected to increasingly weigh on the company’s results. The company did not provide detailed financial outlook for the current quarter.

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  • Elon Musk takes over Twitter but where will he go from here?

    Elon Musk takes over Twitter but where will he go from here?

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    Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform.

    The $44 billion takeover means Twitter is becoming a private company that everyday investors will no longer be able to buy shares in. The New York Stock Exchange suspended trading in the company’s stock on Friday, and the shares will be delisted on Nov. 8, according to a filing with securities regulators.

    Major personnel shakeups are widely expected — and Musk ousted three top Twitter executives on Thursday, according to two people familiar with the deal. But the tech guru and self-proclaimed “Chief Twit” has otherwise made contradictory statements about his vision for the company — and shared few concrete plans for how he will run it.

    That has left Twitter’s users, advertisers and employees to parse his every move in an effort to guess where he might take the company. Many are looking to see if he will welcome back a number of influential conservative figures banned for violating Twitter’s rules — speculation that is only heightened by upcoming elections in Brazil, the U.S. and elsewhere.

    “I will be digging in more today,” he tweeted early Friday, in response to a conservative political podcaster who has complained that the platform favors liberals and secretively downgrades conservative voices.

    Former President Donald Trump, an avid tweeter before he was banned, said Friday he was “very happy that Twitter is now in sane hands” but promoted his own social media site, Truth Social, that he launched after being blocked from the more widely used platform.

    Trump was banned two days after the Jan. 6 attacks for a pair of tweets that the company said continued to cast doubts on the legitimacy of the presidential election and raised risks for the presidential inauguration that Trump said he would not be attending.

    Trump has repeatedly said that he will not return to Twitter even if his account is reinstated, though some allies wonder if he’ll be able to resist as he moves closer to announcing another expected presidential campaign. His Twitter account remained suspended Friday.

    Meanwhile, conservative personalities on the site began recirculating long-debunked conspiracy theories, including about COVID-19 and the 2020 election, in a tongue-in-cheek attempt to “test” whether Twitter’s policies on misinformation were still being enforced.

    The mercurial Musk has not made it easy to anticipate him.

    He has criticized Twitter’s dependence on advertisers, but made a statement Thursday that seemed aimed at soothing their fears. He has complained about restrictions on speech on the platform — but then vowed he wouldn’t let it become a “hellscape.” And for months it wasn’t even clear if he wanted to control the company at all.

    After Musk signed a deal to acquire Twitter in April, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition. A Delaware judge had ordered that the deal be finalized by Friday.

    Wedbush analyst Dan Ives estimated that Musk and his investors overpaid. Even Musk has said the $44 billion price tag for Twitter was too high but that the company had great potential.

    The payment “will go down as one of the most overpaid tech acquisitions in the history of M&A deals on the Street, in our opinion,” Ives wrote in a note to investors. “With fair value that we would peg at roughly $25 billion, Musk buying Twitter remains a major head scratcher that ultimately he could not get out of once the Delaware Courts got involved.”

    After months of uncertainty, a series of moves by Musk this week signaled that the deal would in fact go through.

    On Wednesday, he strolled into the company’s San Francisco headquarters carrying a porcelain sink and tweeted “Entering Twitter HQ — let that sink in!” Then on Thursday, he tweeted, “the bird is freed,” a reference to Twitter’s logo.

    That same day, the people familiar with the deal said Musk had fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Both people insisted on anonymity because of the sensitive nature of the deal. Segal confirmed his departure in a series of tweets Friday.

    At the same time, Musk sought to assuage advertisers — Twitter’s chief source of revenue — that he didn’t want the platform to become a “free-for-all hellscape.” His letter was an attempt to address concerns that his plans to promote free speech by cutting back on moderating content will open the floodgates to more online toxicity and drive away users.

    Musk has previously expressed distaste for advertising and Twitter’s dependence on it, suggesting more emphasis on other business models such as paid subscriptions that won’t allow big corporations to dictate policy on how social media operates. But on Thursday, he assured advertisers he wants Twitter to be “the most respected advertising platform in the world.”

    As concerns rise about the direction of Twitter’s content moderation, European Union Internal Market Commissioner Thierry Breton tweeted to Musk on Friday that “In Europe, the bird will fly by our rules.”

    Breton and Musk met in May and appeared in a video together in which Musk said he agreed with the 27-nation bloc’s strict new online regulations. Its Digital Services Act threatens big tech companies with billions in fines if they don’t police their platforms more strictly for illegal or harmful content such as hate speech and disinformation.

    Musk has also spent months deriding Twitter’s “spam bots” and making sometimes conflicting pronouncements about Twitter’s problems and how to fix them.

    Thursday’s note to advertisers shows a newfound emphasis on advertising revenue, especially a need for Twitter to provide more “relevant ads” — which typically means targeted ads that rely on collecting and analyzing users’ personal information.

    Musk is expected to speak to Twitter employees directly Friday, according to an internal memo cited in several media outlets, amid internal confusion and low morale tied to fears of layoffs or a dismantling of the company’s culture and operations.

    ———

    This story has been updated to correct the language in the tweet by Musk to “the bird is freed,” not “the bird has been freed.”

    ———

    Associated Press writer Jill Colvin contributed to this story from New York. Follow AP’s coverage of Elon Musk: https://apnews.com/hub/elon-musk

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  • Liz Cheney’s PAC airs ad urging Arizona voters to reject GOP candidates Kari Lake and Mark Finchem | CNN Politics

    Liz Cheney’s PAC airs ad urging Arizona voters to reject GOP candidates Kari Lake and Mark Finchem | CNN Politics

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    CNN
     — 

    Wyoming Rep. Liz Cheney is putting money behind her vow to do everything she can to prevent election deniers from winning in November, as her political action committee announced Friday that it is spending $500,000 on an ad urging Arizona voters to reject GOP gubernatorial nominee Kari Lake and Republican Secretary of State nominee Mark Finchem.

    Both Lake and Finchem won the GOP nominations after echoing former President Donald Trump’s lie that the 2020 election was stolen, and Lake refused to pledge that she would accept the 2022 election results during a recent interview with CNN’s Dana Bash.

    In several public appearances, Cheney has warned Arizona voters that they will play a critical role in “ensuring the future functioning of our constitutional republic” – noting that election deniers like Lake and Finchem could create havoc in the 2024 presidential election in a swing state that could determine the next occupant of the White House.

    The new ad features Cheney, the daughter of former Vice President Dick Cheney, at a recent appearance noting that she could not recall if she has ever voted for a Democrat, but telling her audience that she would this year if she lived in Arizona.

    “You have a candidate for governor, Kari Lake, you have a candidate for secretary of state, Mark Finchem, both of whom have said that they will only honor the results of an election if they agree with it,” Cheney says in a clip from her recent appearance at a McCain Institute event at Arizona State University’s campus in Tempe.

    “And if you care about the survival of our republic, we cannot give people power who will not honor elections.”

    Cheney’s new PAC, The Great Task, a multi-candidate PAC that she sponsored, said that the $500,000 media buy in Arizona will air the ad on broadcast, online and streaming platforms. CNN has reached out to the Lake and Finchem campaigns for comment.

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  • AP sources: Musk in control of Twitter, ousts top executives

    AP sources: Musk in control of Twitter, ousts top executives

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    Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Thursday night.

    The people wouldn’t say if all the paperwork for the deal, originally valued at $44 billion, had been signed or if the deal has closed. But they said Musk is in charge of the social media platform and has fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Neither person wanted to be identified because of the sensitive nature of the deal.

    A few hours later, Musk tweeted, “the bird has been freed,” a reference to Twitter’s logo.

    The departures came just hours before a deadline set by a Delaware judge to finalize the deal on Friday. She threatened to schedule a trial if no agreement was reached.

    Although they came quickly, the major personnel moves had been widely expected and almost certainly are the first of many major changes the mercurial Tesla CEO will make.

    Musk privately clashed with Agrawal in April, immediately before deciding to make a bid for the company, according to text messages later revealed in court filings.

    About the same time, he used Twitter to criticize Gadde, the company’s top lawyer. His tweets were followed by a wave of harassment of Gadde from other Twitter accounts. For Gadde, an 11-year Twitter employee who also heads public policy and safety, the harassment included racist and misogynistic attacks, in addition to calls for Musk to fire her. On Thursday, after she was fired, the harassing tweets lit up once again.

    Musk’s changes will be aimed at increasing Twitter’s subscriber base and revenue.

    In his first big move earlier on Thursday, Musk tried to soothe leery Twitter advertisers saying that he is buying the platform to help humanity and doesn’t want it to become a “free-for-all hellscape.”

    The message appeared to be aimed at addressing concerns among advertisers — Twitter’s chief source of revenue — that Musk’s plans to promote free speech by cutting back on moderating content will open the floodgates to more online toxicity and drive away users.

    “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk wrote in an uncharacteristically long message for the Tesla CEO, who typically projects his thoughts in one-line tweets.

    He continued: “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

    Musk has previously expressed distaste for advertising and Twitter’s dependence on it, suggesting more emphasis on other business models such as paid subscriptions that won’t allow big corporations to dictate policy on how social media operates. But on Thursday, he assured advertisers he wants Twitter to be “the most respected advertising platform in the world.”

    The note is a shift from Musk’s position that Twitter is unfairly infringing on free speech rights by blocking misinformation or graphic content, said Pinar Yildirim, associate professor of marketing at the University of Pennsylvania’s Wharton School.

    But it’s also a realization that having no content moderation is bad for business, putting Twitter at risk of losing advertisers and subscribers, she said.

    “You do not want a place where consumers just simply are bombarded with things they do not want to hear about, and the platform takes no responsibility,” Yildirim said.

    Musk said Twitter should be “warm and welcoming to all” and enable users to choose the experience they want to have.

    Friday’s deadline to close the deal was ordered by the Delaware Chancery Court in early October. It is the latest step in a battle that began in April with Musk signing a deal to acquire Twitter, then tried to back out of it, leading Twitter to sue the Tesla CEO to force him to go through with the acquisition. If the two sides don’t meet Friday’s deadline, the next step could be a November trial that could lead to a judge forcing Musk to complete the deal.

    But Musk has been signaling that the deal is going through. He strolled into the company’s San Francisco headquarters Wednesday carrying a porcelain sink, changed his Twitter profile to “Chief Twit,” and tweeted “Entering Twitter HQ — let that sink in!”

    And overnight the New York Stock Exchange notified investors that it will suspend trading in shares of Twitter before the opening bell Friday in anticipation of the company going private under Musk.

    Musk is expected to speak to Twitter employees directly Friday if the deal is finalized, according to an internal memo cited in several media outlets. Despite internal confusion and low morale tied to fears of layoffs or a dismantling of the company’s culture and operations, Twitter leaders this week have at least outwardly welcomed Musk’s arrival and messaging.

    Top sales executive Sarah Personette, the company’s chief customer officer, said she had a “great discussion” with Musk on Wednesday and appeared to endorse his Thursday message to advertisers.

    “Our continued commitment to brand safety for advertisers remains unchanged,” Personette tweeted Thursday. “Looking forward to the future!”

    Musk’s apparent enthusiasm about visiting Twitter headquarters this week stood in sharp contrast to one of his earlier suggestions: The building should be turned into a homeless shelter because so few employees actually worked there.

    The Washington Post reported last week that Musk told prospective investors that he plans to cut three quarters of Twitter’s 7,500 workers when he becomes owner of the company. The newspaper cited documents and unnamed sources familiar with the deliberation.

    Musk has spent months deriding Twitter’s “spam bots” and making sometimes contradictory pronouncements about Twitter’s problems and how to fix them. But he has shared few concrete details about his plans for the social media platform.

    Thursday’s note to advertisers shows a newfound emphasis on advertising revenue, especially a need for Twitter to provide more “relevant ads” — which typically means targeted ads that rely on collecting and analyzing users’ personal information.

    Yildirim said that, unlike Facebook, Twitter has not been good at targeting advertising to what users want to see. Musk’s message suggests he wants to fix that, she said.

    Insider Intelligence principal analyst Jasmine Enberg said Musk has good reason to avoid a massive shakeup of Twitter’s ad business because Twitter’s revenues have taken a beating from the weakening economy, months of uncertainty surrounding Musk’s proposed takeover, changing consumer behaviors and the fact that “there’s no other revenue source waiting in the wings.”

    “Even slightly loosening content moderation on the platform is sure to spook advertisers, many of whom already find Twitter’s brand safety tools to be lacking compared with other social platforms,” Enberg said.

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  • Musk doesn’t seek a ‘free-for-all hellscape’ for Twitter

    Musk doesn’t seek a ‘free-for-all hellscape’ for Twitter

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    Elon Musk attempted to soothe leery Twitter advertisers Thursday, a day before a deadline to close out on his $44 billion acquisition of the social media platform, saying that he is buying the platform to help humanity and doesn’t want it to become a “free-for-all hellscape.”

    The message appears aimed at addressing concerns among advertisers — Twitter’s chief source of revenue — that Musk’s plans to promote free speech by cutting back on moderating content will open the floodgates to more online toxicity and drive away users.

    “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk wrote in an uncharacteristically long message for the Tesla CEO, who typically projects his thoughts in one-line tweets.

    He continued: “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

    Musk has previously expressed distaste for advertising and Twitter’s dependence on it, suggesting more emphasis on other business models such as paid subscriptions that won’t allow big corporations to dictate policy on how social media operates. But on Thursday, he assured advertisers he wants Twitter to be “the most respected advertising platform in the world.”

    The note is a shift from Musk’s position that Twitter is unfairly infringing on free speech rights by blocking misinformation or graphic content, said Pinar Yildirim, associate professor of marketing at the University of Pennsylvania’s Wharton School.

    But it’s also a realization that having no content moderation is bad for business, putting Twitter at risk of losing advertisers and subscribers, she said.

    “You do not want a place where consumers just simply are bombarded with things they do not want to hear about, and the platform takes no responsibility,” Yildirim said.

    Musk said Twitter should be “warm and welcoming to all” and enable users to choose the experience they want to have.

    “I didn’t do it to make money,” he said of the pending acquisition. “I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.”

    Friday’s deadline to close the deal was ordered by the Delaware Chancery Court in early October. It is the latest step in a battle that began in April with Musk signing a deal to acquire Twitter, then tried to back out of it, leading Twitter to sue the Tesla CEO to force him to go through with the acquisition. If the two sides don’t meet Friday’s deadline, the next step could be a November trial that could lead to a judge forcing Musk to complete the deal.

    But Musk has been signaling that the deal is going through. He strolled into the company’s San Francisco headquarters Wednesday carrying a porcelain sink, changed his Twitter profile to “Chief Twit,” and tweeted “Entering Twitter HQ — let that sink in!”

    And overnight the New York Stock Exchange notified investors that it will suspend trading in shares of Twitter before the opening bell Friday in anticipation of the company going private under Musk.

    Musk is expected to speak to Twitter employees directly Friday if the deal is finalized, according to an internal memo cited in several media outlets. Despite internal confusion and low morale tied to fears of layoffs or a dismantling of the company’s culture and operations, Twitter leaders this week have at least outwardly welcomed Musk’s arrival and messaging.

    Top sales executive Sarah Personette, the company’s chief customer officer, said she had a “great discussion” with Musk on Wednesday and appeared to endorse his Thursday message to advertisers.

    “Our continued commitment to brand safety for advertisers remains unchanged,” Personette tweeted Thursday. “Looking forward to the future!”

    Musk’s apparent enthusiasm about visiting Twitter headquarters this week stood in sharp contrast to one of his earlier suggestions: The building should be turned into a homeless shelter because so few employees actually worked there.

    The Washington Post reported last week that Musk told prospective investors that he plans to cut three quarters of Twitter’s 7,500 workers when he becomes owner of the company. The newspaper cited documents and unnamed sources familiar with the deliberation.

    Musk has spent months deriding Twitter’s “spam bots” and making sometimes contradictory pronouncements about Twitter’s problems and how to fix them. But he has shared few concrete details about his plans for the social media platform.

    Thursday’s note to advertisers shows a newfound emphasis on advertising revenue, especially a need for Twitter to provide more “relevant ads” — which typically means targeted ads that rely on collecting and analyzing users’ personal information.

    Yildirim said that, unlike Facebook, Twitter has not been good at targeting advertising to what users want to see. Musk’s message suggests he wants to fix that, she said.

    Insider Intelligence principal analyst Jasmine Enberg said Musk has good reason to avoid a massive shakeup of Twitter’s ad business because Twitter’s revenues have taken a beating from the weakening economy, months of uncertainty surrounding Musk’s proposed takeover, changing consumer behaviors and the fact that “there’s no other revenue source waiting in the wings.”

    “Even slightly loosening content moderation on the platform is sure to spook advertisers, many of whom already find Twitter’s brand safety tools to be lacking compared with other social platforms,” Enberg said.

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  • Meta’s stock falls 17% as its quarterly profit is cut in half | CNN Business

    Meta’s stock falls 17% as its quarterly profit is cut in half | CNN Business

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    New York
    CNN Business
     — 

    Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business.

    For the three months ended in September, Meta

    (FB)
    posted revenue of $27.7 billion, down 4% year-over-year and slightly above Wall Street analysts’ expectations. The Facebook parent company posted its first-ever quarterly revenue decline during the June quarter.

    The company reported net income of nearly $4.4 billion — less than half the amount it made during the same period in the prior year and below analysts’ projections.

    “We’re approaching 2023 with a focus on prioritization and efficiency that will help us navigate the current environment and emerge an even stronger company,” Mark Zuckerberg, Meta’s founder and CEO, said in a statement.

    Meta’s stock fell almost 17% in after-hours trading Wednesday following the results.

    Demand for online advertising has declined in recent months amid rising inflation and fears of a looming recession. Tech companies like Google and Snap have also seen hits to their ad revenues. Meta CFO David Wehner said on a call with analysts following the report that the average price per ad across Meta’s platforms fell 18% during the quarter.

    At the same time, Meta’s user growth is slowing amid heightened competition from rivals like TikTok. Meta reported having 2.96 billion monthly active users on its core Facebook app at the end of the quarter, up 2% year-over-year. That’s down from the 6% growth rate it posted in the year-ago quarter. Daily active users on Meta’s family of apps grew 4% to 2.93 billion, down from the 11% increase it posted the year prior.

    Zuckerberg noted on the call that Instagram now has more than 2 billion monthly active users and WhatsApp has more than 2 billion daily active users.

    These challenges to its core business come as Meta is funneling billions of dollars into an ambitious new bet to build a future version of the internet called the metaverse that likely remains years away.

    Wehner said operating losses from the company’s metaverse ambitions, which are categorized under its Reality Labs unit, are expected to “grow significantly year-over-year” in 2023. Reality Labs lost nearly $3.7 billion in the September quarter, and has cost the company a total of $9.4 billion so far this year. Revenue from the Reality Labs unit also fell by nearly 50% year-over-year in the September quarter.

    Altimeter Capital, a Meta sharehoder, last week wrote an open letter calling on the company to reduce its headcount expenses by at least 20% and its annual capital expenditure by at least $5 billion, and to limit its investment in the metaverse to no more than $5 billion per year.

    In Wednesday’s report, Wehner said the company is “making significant changes across the board to operate more efficiently.” Executives said the company expects headcount at the end of 2023 will be roughly in line with or slightly smaller than the 87,314 it reported as of the end of September (an increase of 28% from the year prior).

    “We are holding some teams at in terms of headcount, shrinking others and investing headcount growth only in our highest priorities,” Wehner said. He also hinted that the company could shrink its physical office footprint.

    Zuckerberg said on the call that the three key areas of investment for the company in the coming year are its AI discovery engine that’s powering Reels and other recommendations, ads and business messaging, and its future vision for the metaverse. Meta earlier this month unveiled its newest virtual-reality headset, the Meta Quest Pro, and touted its potential for business customers.

    In the final three months of the year, Meta expects quarterly revenue between $30 billion and $32.5 billion. On the high end, the projection would mark a 3.5% year-over-year decline from the same period in the prior year.

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  • Billionaire dumps Australia netball team in dispute over father’s racist comments | CNN

    Billionaire dumps Australia netball team in dispute over father’s racist comments | CNN

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    Brisbane, Australia
    CNN
     — 

    When Australia’s richest woman Gina Rinehart threw a financial lifeline to Netball Australia, she triggered a debate about sponsorships and the role of social and political issues in the sporting sphere. Then she walked away.

    Rinehart’s bombshell decision to withdraw a 14 million Australian dollar ($8.9 million) sponsorship deal for the Diamonds, Australia’s national netball team, caught the players off-guard and struck a blow to the future of Netball Australia – a sporting body mired in debt.

    The drama engulfing the Diamonds is not new, but experts say disputes could become more common as athletes and fans take a stronger stance on the source of sponsorship money.

    Last week, high-profile fans of the AFL’s Fremantle Dockers urged management to sever ties with long-term sponsor, fossil fuel company Woodside, over its carbon emissions.

    Meanwhile, Australian test cricket captain Pat Cummins reportedly raised issues with Cricket Australia’s deal with Alinta Energy, for the same reasons.

    For members of the Diamonds, the objections focused on racist comments made almost 40 years ago by Rinehart’s father, Lang Hancock, the founder of her company Hancock Prospecting.

    Rinehart is a prolific supporter of Australian sports teams and typically earns praise for her sponsorship deals. Last year, Olympic swimmer Cate Campbell reportedly said that Rinehart had “saved swimming.”

    But Kevin Argus, a lecturer in marketing from RMIT University, said Rinehart’s decision on Saturday to pull funding from Netball Australia was a “lost opportunity” to “embrace the national mood.”

    “In Australia, we have witnessed many large powerful companies benefit enormously from positive associations with sport and withdraw their funding support as soon as an issue arises with athletes,” he told CNN Sport.

    “The Diamonds athletes raised concerns about being seen to be supporting a legacy of Aboriginal discrimination. Some have expressed concerns about the environment.

    “These are major issues today that won’t go away,” he said.

    At the center of the controversy is Noongar woman Donnell Wallam, a rising star who is set to make her debut this week as only the third Indigenous netball player to represent Australia.

    Wallam had reportedly expressed reservations about wearing the Hancock logo due to comments Rinehart’s father made about Australia’s First Nations people.

    During a televised interview in 1984, Hancock said he’d “dope the water up so they were sterile and breed themselves out.”

    His words are a dark reminder of racist attitudes toward Indigenous people, and though Rinehart promotes her longstanding support of Aboriginal communities through mining royalties and charities, she has never publicly condemned her father’s statements.

    Wallam’s teammates have rallied around her, and when the team ran onto the court to play New Zealand in the Constellation Cup last week, they wore their old uniforms, without the Hancock logo.

    In the statement on Saturday, Rinehart and Hancock Prospecting said there was no requirement for the Diamonds to wear the logo during the New Zealand games and they did not refuse to wear it.

    The statement said Hancock’s majority-owned mining company Roy Hill would also pull its support of Netball WA, a state netball body, as the two companies “do not wish to add to Netball’s disunity problems.”

    Both Netball Australia and Netball WA would be offered four months of funding while they find new partners, the statement added.

    Separately, Rinehart and Hancock seemed to take a swipe at the players by saying they consider it “unnecessary for sports organisations to be used as a vehicle for social or political causes.”

    “There are more targeted and genuine ways to progress social or political causes without virtue signalling or for self-publicity,” the statement added.

    On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Players’ Association told the Australian Broadcasting Corporation that Wallam had asked for an exemption not to wear the logo and was refused.

    “In the end, unfortunately, Donnell found the pressure too much and decided that she would wear the logo.”

    But it was too late.

    Gina Rinehart poses in Western Australia in this undated handout photo obtained in January, 2018.

    Netball Australia has made no secret of its financial difficulties. Despite being the most popular team sport in Australia with 1.2 million players, it made a loss last year of 4.4 million Australian dollars ($2.8 million).

    Netball Australia CEO Kelly Ryan told Nine News the loss of Hancock sponsorship was “disappointing” but a “strong balance” needs to be struck between social issues and funding.

    “There is a really important role that sporting organizations do play from grassroots right through to the elite to create a safe environment to have really strong social conversations,” Ryan said.

    “But there also needs to be a balance in terms of the commercial realities of that as well.”

    In a statement, the players said they were “disappointed” with Hancock’s decision to withdraw sponsorship and thanked other sponsors for their ongoing support.

    The statement added: “Reports of a protest on behalf of the players, on environmental grounds, and a split within the playing group are incorrect. The singular issue of concern to the players was one of support for our only Indigenous team member.”

    Vickie Saunders, founder of The Brand Builders, says Wallam’s objection to wearing the Hancock logo was deeply personal, and not a matter of a player using their public profile to promote a political cause.

    “Her 60,000-year-old culture will tell you that it’s important. Her 200 years of survival, and her fellow Indigenous people will tell you it’s important,” Saunders said.

    “She has a very personal reason for not wanting to wear a logo that represents a person who said that her people should be sterilized or bred out,” she said. “This isn’t a new issue for her. This is her life.”

    A truck drives past machinery at Hancock Prospecting Pty's Roy Hill Mine operations in the Pilbara region, Western Australia.

    Hancock Prospecting was founded in 1955 and retains interests in iron ore, coal, and mineral exploration, as well as beef and dairy.

    The company also funds services for remote and rural Aboriginal communities, including health and education programs, and Rinehart is a familiar face in elite sporting circles.

    The billionaire sponsors Swimming WA, Swimming Queensland, Volleyball Australia, Rowing Australia and Artistic Swimming Australia, and recently struck a deal to sponsor the Australian Olympic Team until 2026.

    This week, in response to debate surrounding the Diamonds, many of those sporting bodies released statements lauding Rinehart’s dedication to sport.

    “Mrs Rinehart’s selfless commitment to women’s sport deserves the accolades of our great sporting nation,” said Craig Carracher, president of Volleyball Australia. Swimming Queensland CEO Kevin Hasemann said he found “the negative characterization in some quarters of Mrs Rinehart’s new sponsorship of another sport regrettable.”

    The Australian newspaper also weighed in with an editorial saying there was no room for “cancel culture” – “to sacrifice Mrs Rinehart because of comments made decades ago by her father, Lang Hancock, is a bridge too far.”

    The Netball Australia sponsorship deal would have been worth 3.5 million Australian dollars ($2.2 million) per year for four years – an almost negligible amount for a company that posted a 7.3 billion Australian dollar ($4.6 billion) profit in 2021 on the back of soaring iron ore prices.

    Kim Toffoletti, an associate professor of sociology at Melbourne’s Deakin University, said for less established sports, it can be difficult to say no to any offer of sponsorship.

    “Their livelihoods are on the line … it’s very hard to turn that down that kind of money because that keeps your sport viable,” Toffoletti told CNN Sport.

    “I don’t see it as a failure of the sport but maybe a system in which certain sports are economically and culturally rewarded over others, which means that there are many that do miss out.”

    Today’s up and coming sports stars are members of Gen Z, born in the late 1990s to around 2010, whose attitudes may differ from the executives running established sporting bodies and big name brands.

    Experts say sponsors can’t expect young athletes to align themselves with their values.

    “Some of these sports have got very old-fashioned business models, which are built probably around 30-40 years ago in a different era,” Andrew Hughes, a marketing expert from the Australian National University, told CNN Sport.

    “But now we put a lot of value on what brands stand for, what they represent. I think we see that reflected in how the athletes themselves think.”

    Saunders, from The Brand Builders, said athletes are realizing that protecting their personal brand is more important than falling into line with the values of their sponsors.

    “Your brand is actually your most valuable asset because after the game, or after your career, that’s the thing that you get to take with you into employment or other opportunities in life,” she said.

    And that’s especially important for players who aren’t earning big money – like netballers – who need to find another source of income when their sports career is over, Saunders added.

    Kevin Argus from RMIT University said Rinehart’s response to the debate – to cancel the contract – demonstrates “reactive decision making” that’s counterproductive for a company seeking to win public support.

    He said a better option would have been to engage with the players, as a mentor would in a workplace, to better understand their values and how they can work together for the benefit of both parties.

    “Exiting sponsorships when athletes behave as normal functioning human beings demonstrates reactive decision making and shines a light on the need for bolder, transformative leadership,” he said.

    “When done well, sport sponsorship is brand transforming for both the sport and sponsor.”

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  • Uber launches advertising unit to let marketers target ads based on where you go | CNN Business

    Uber launches advertising unit to let marketers target ads based on where you go | CNN Business

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    CNN Business
     — 

    Uber is launching an in-house advertising division and rolling out its own form of targeted digital ads as it seeks to develop new revenue sources.

    The ridehailing giant announced the launch of its “enterprise-wide” advertising unit on Wednesday, saying it will be helmed by Amazon advertising veteran Mark Grether.

    Uber

    (UBER)
    at the same time unveiled its new in-app “Journey Ads” service, which lets marketers place ads within the Uber

    (UBER)
    app to reach customers at each step on their trips. This means the customers will be served ads when they check to see how far away their driver is, or follow the route of their journey via the app.

    In a statement, Grether said Uber has a global audience of customers who “tell us where they want to go and what they want to get.”

    “While these consumers are making purchase decisions and waiting for their destination or delivery we can engage them with messages from brands that are relevant to their purchase journeys,” Grether added.

    Tech giants like Meta and Google have long used the data they collect from users to target ads, despite some digital privacy advocates denouncing this behavior.

    Users can opt out of targeted ads on the Uber app at any time, Grether told the Wall Street Journal.

    The announcement comes after Lyft launched its own advertising business in August.

    The news also comes in the shadow of the Biden administration proposing a new labor rule last week that could classify millions of gig workers as employees — serving a potential challenge to the low-cost models that have powered the growth of gig economy companies like Uber and Lyft.

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  • Facebook and TikTok are approving ads with ‘blatant’ misinformation about voting in midterms, researchers say | CNN Business

    Facebook and TikTok are approving ads with ‘blatant’ misinformation about voting in midterms, researchers say | CNN Business

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    New York
    CNN Business
     — 

    Facebook and TikTok failed to block advertisements with “blatant” misinformation about when and how to vote in the US midterms, as well as about the integrity of the voting process, according to a new report from human rights watchdog Global Witness and the Cybersecurity for Democracy Team (C4D) at New York University.

    In an experiment, the researchers submitted 20 ads with inaccurate claims to Facebook, TikTok and YouTube. The ads were targeted to battleground states such as Arizona and Georgia. While YouTube was able to detect and reject every test submission and suspend the channel used to post them, the other two platforms fared noticeably worse, according to the report.

    TikTok approved 90% of ads that contained blatantly false or misleading information, the researchers found. Facebook, meanwhile, approved a “significant number,” according to the report.

    The ads, posted in both English and Spanish, included information falsely stating that voting days would be extended and that social media accounts could double as a means of voter verification. The ads also contained claims designed to discourage voter turnout, such as claims that the election results could be hacked or the outcome was pre-decided.

    The researchers withdrew the ads after going through the approval process, if they were approved, so the ads containing misinformation were not shown to users.

    “YouTube’s performance in our experiment demonstrates that detecting damaging election disinformation isn’t impossible,” Laura Edelson, co-director of NYU’s C4D team, said in a statement with the report. “But all the platforms we studied should have gotten an ‘A’ on this assignment. We call on Facebook and TikTok to do better: stop bad information about elections before it gets to voters.”

    In response to the report, a spokesperson for Facebook-parent Meta said the tests “were based on a very small sample of ads, and are not representative given the number of political ads we review daily across the world.” The spokesperson added: “Our ads review process has several layers of analysis and detection, both before and after an ad goes live.”

    A TikTok spokesperson said the platform “is a place for authentic and entertaining content which is why we prohibit and remove election misinformation and paid political advertising from our platform. We value feedback from NGOs, academics, and other experts which helps us continually strengthen our processes and policies.”

    Google did not immediately respond to CNN’s requests for comment.

    While limited in scope, the experiment could renew concerns about the steps taken by some of the biggest social platforms to combat not just misinformation about candidates and issues but also seemingly clear cut misinformation about the process of voting itself, with just weeks to go before the midterms.

    TikTok, whose influence and scrutiny in US politics has grown in recent election cycles, launched an Elections Center in August to “connect people who engage with election content to authoritative information,” including guidance on where and how to vote, and added labels to clearly identify content related to the midterm elections, according to a company blog post.

    Last month, TikTok took additional steps to safeguard the veracity of political content ahead of the midterms. The platform began to require “mandatory verification” for political accounts based in the United States and rolled out a blanket ban on all political fundraising.

    “As we have set out before, we want to continue to develop policies that foster and promote a positive environment that brings people together, not divide them,” Blake Chandlee, President of Global Business Solutions at TikTok, said in a blog post at the time. “We do that currently by working to keep harmful misinformation off the platform, prohibiting political advertising, and connecting our community with authoritative information about elections.”

    Meta said in September that its midterm plan would include removing false claims as to who can vote and how, as well as calls for violence linked to an election. But Meta stopped short of banning claims of rigged or fraudulent elections, and the company told The Washington Post those types of claims will not be removed.

    Google also took steps in September to protect against election misinformation, elevating trustworthy information and displaying it more prominently across services including search and YouTube.

    The big social media companies typically rely on a mix of artificial intelligence systems and human moderators to vet the vast amount of posts on their platforms. But even with similar approaches and objectives, the study is a reminder that the platforms can differ wildly in their content enforcement actions.

    According to the researchers, the only ad they submitted that TikTok rejected contained claims that voters had to have received a Covid-19 vaccination in order to vote. Facebook, on the other hand, accepted that submission.

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  • Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets | CNN Business

    Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets | CNN Business

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    CNN
     — 

    Snap’s bad year continues.

    Snap on Thursday reported revenue of $1.13 billion for the three months ending in September, a slight 6% increase from the year prior and less than Wall Street had expected, as the company confronts tightening advertiser budgets in an uncertain economy.

    In a letter to investors, Snapchat’s parent company said its revenue growth was slowed by several factors, including growing competition and jitters from the advertisers who make up its core business.

    “We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs,” the company said in the letter.

    Shares of Snap fell nearly 25% in after hours trading following the earnings report.

    Snap’s report kicks off what is expected to be a sobering tech earnings period, as layoff announcements, hiring freezes and other cost-cutting measures have become increasingly common in the industry amid fears of a looming recession.

    Snap helped set off a wave of anxiety among tech investors when it warned in May that the economy had worsened faster than it expected, cutting into its revenue and profit forecast for the quarter. In late August, Snap announced plans to lay off some 20% of its more than 6,400 global employees, or more than 1,200 staffers.

    Like other tech companies, Snap has had to confront headwinds from rising inflation, a stronger dollar and broader economic jitters that are leading some advertisers and consumers to rethink their spending in the United States and abroad.

    Snap has also faced increasing competition from fast-growing competitors like TikTok, and is still navigating its digital ads business in the wake of privacy changes implemented by Apple that have made it more difficult for marketers to target users with ads.

    There were some glimmers of hope in Snap’s report, including that the number of daily active users grew 19% year-over-year to reach 363 million in the third quarter. Its net loss was also smaller than Wall Street had expected, but the company nonetheless lost $360 million in the quarter, compared to a loss of $72 million in the year prior. Much of that loss ($155 million) came from restructuring charges related to layoffs.

    Snap declined to provide financial guidance for the final three months of the year. In its letter to investors, the company said: “We expect that the operating environment will continue to be challenging in the months ahead and believe the actions we are taking provide a clear path forward for Snap.”

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  • Tech earnings are coming and they probably won’t be pretty | CNN Business

    Tech earnings are coming and they probably won’t be pretty | CNN Business

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    New York
    CNN Business
     — 

    After months of layoffs, hiring freezes and other cost-cutting measures, big tech companies are set to provide the most detailed look yet at just how bad things have gotten for their businesses amid fears of a looming recession.

    Snapchat’s parent company, which tanked much of the tech sector in May with a warning about a worsening economy, is set to report third-quarter earnings on Thursday. Apple

    (AAPL)
    , Amazon

    (AMZN)
    , Facebook

    (FB)
    -parent Meta, Microsoft

    (MSFT)
    , Twitter

    (TWTR)
    and Google-parent Alphabet

    (GOOGL)
    will each report earnings results the following week.

    “People probably should be bracing themselves for these results,” said Scott Kessler, technology global sector lead at research firm Third Bridge Group.

    For years, the giants of Silicon Valley seemed almost immune to swings in the global economy. Even amid a pandemic, a trade war and other geopolitical uncertainty, the biggest names in tech only seemed to grow bigger and richer. But like other sectors in recent months, they have faced a variety of new challenges.

    Rampant inflation is eating away at consumers’ paychecks and reducing their ability to spend freely on tech products and services. Increased costs and recession fears have cut down on demand for online advertising and enterprise tech services. And other macroeconomic issues such as continued supply chain snarls and higher interest rates are stunting growth, analysts say.

    To make matters worse, tech companies must also confront the growing strength of the US dollar, which is currently trading at its highest level in two decades. That can mean sales made overseas are not worth as much, according to Angelo Zino, senior industry analyst at CFRA Research. A stronger US dollar may also make hardware products from companies like Apple less affordable for foreign consumers, which, as Zino points out, is problematic given “most of these companies are generating more than half their revenue outside the United States.”

    In a striking shift, most of the big tech companies are now expected to report slowing profit and revenue growth, or even year-over-year declines, for the three months ending in September, according to analyst estimates.

    Amazon

    (AMZN)
    , which is projected to be in the best shape, is expected to post essentially flat sales from the year prior. Meta’s revenue is projected to fall 5% year-over-year, marking the company’s second consecutive quarterly revenue decline. Net income at Meta, Amazon

    (AMZN)
    , Google and Snap is also expected to be down from the year prior.

    These dour projections come after many tech businesses were already showing signs of weakness in the prior quarter. Meta in July posted its first year-over-year quarterly revenue decline since going public in 2012 in large part due to decreased demand in the online advertising market that fuels its core business. Twitter

    (TWTR)
    , Snap, Google, Apple and Microsoft all also reported that shrinking ad budgets had taken some toll on their June quarter earnings.

    “We compare investor negative sentiment on tech today to what we have seen only 2 other times in our decades of covering tech stocks: 2008 and 2001,” Wedbush analyst Dan Ives said in a note to investors this week, referring to two prior recessionary periods.

    Many of the issues currently weighing on tech companies are unlikely to let up anytime soon, which is why industry watchers will be paying close attention to the guidance these companies offer for the rest of 2022.

    “More than anything, people really want a good understanding about what to expect” from the final three months of this year, which has “historically been the most important quarter for these companies,” Kessler said. Investors will likely want to know, for example, whether the online ad market has begun to stabilize ahead of the crucial holiday season.

    Negative results or future outlook could lead to increased pressure on tech firms to focus on their core businesses and cut back on big bets that aren’t expected to quickly product returns. Some of that is already underway.

    In recent weeks, Google announced it would shut down its gaming service Stadia, Amazon said it would stop testing a home delivery robot and Meta shut down its newsletter product, Bulletin.

    Meta may be in a uniquely difficult position. Last October, Facebook rebranded as Meta and ramped up investments to build a future version of the internet called the metaverse, which isn’t expected to be fully realized for years, if ever. But the Wall Street Journal reported last month the company was quietly reducing staff — and some analysts expect more cuts to come.

    “I do think you’ll see them announce cost cuts. I think they’ll reduce the workforce,” Zino said. “Meta is really boxed in a corner here. Their core business is in an environment where they’re not going to see much growth at all … and they don’t have any major revenue center outside of advertising.”

    What a difference a year makes.

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  • ‘People are just hitting their heads against the wall’: Democrats fret another Johnson win | CNN Politics

    ‘People are just hitting their heads against the wall’: Democrats fret another Johnson win | CNN Politics

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    Rhinelander, Wisconsin
    CNN
     — 

    Tom Nelson can hardly believe it.

    In just a matter of two months, Democrats went from expecting to knock off the unpopular GOP incumbent, US Sen. Ron Johnson, to seeing their party’s nominee, Wisconsin Lt. Gov. Mandela Barnes, scrambling to catch up.

    Already, the finger pointing has begun.

    “The national party did him a grave disservice by not closing the gap, by not being a stopgap measure in August and September to hit Johnson hard on good, effective negative ads, at the same time building up Mandela,” Nelson, a local county executive from central Wisconsin and former Senate Democratic candidate, told CNN. “The national party has totally failed us, and so it’s gonna come down to Wisconsin Democrats.”

    Of possibly seeing Johnson, 67, win a third Senate race, Nelson said, “People are just hitting their heads against the wall. How do we let this happen?”

    Over the summer, Barnes’ top Democratic opponents dropped out, clearing the way for him to win the primary and fully shift to attacking Johnson. Yet Barnes’ slim lead collapsed in September, when Republicans spent nearly $6 million more than Democrats on the air slamming Barnes primarily on crime. In August, a Marquette Law School poll of likely voters showed Barnes leading Johnson 52-45. By early October, those numbers reversed.

    What’s happening in Wisconsin resembles Democratic struggles across the country. They’ve seen their leads evaporate in key House and Senate races as outside money floods in to hammer Democrats over crime and inflation, while they’ve tried to rail against Republicans over their opposition to abortion rights. In several key battleground states – Georgia, Wisconsin, Pennsylvania, Nevada, North Carolina, Ohio and Florida – GOP candidates and groups spent roughly $25 million more than their Democratic counterparts on air in September alone, according to data from AdImpact, which tracks ad spending.

    In states like Wisconsin, the outside money has forced Barnes to go on defense, and air several ads accusing Johnson of lying in the attack ads.

    Many of his supporters believe that is not enough.

    “Oh, I’m terrified,” said Mary Hildebrand, a voter here in this small northern Wisconsin town. “His campaign seems to be faltering,” she said of Barnes.

    In an interview, Barnes dismissed the polls showing him down in the race. Democrats are heartened that the same Marquette pollster tested a larger universe of voters – registered voters – and found the race there essentially a dead heat.

    “Polls go up, polls go down,” Barnes, 35, told CNN. “The reality is we’re showing up, talking to everybody.”

    “All they can do is try to distort my record and try to make people live in fear,” he added, rejecting the notion that he was caught flat-footed. “But that’s not what this is about. It’s about making sure that people know better is possible.”

    Democrats have already reserved $2 million more in ads than Republicans in the final three weeks of the campaign, according to AdImpact. And officials with Democratic outside groups – namely the Senate Majority PAC and Democratic Senatorial Campaign Committee – reject the criticism that their ad campaigns have been ineffective.

    “Wisconsin is one of the top Senate battlegrounds because voters in the state are tired of Ron Johnson looking out for himself at their expense,” said Amanda Sherman Baity, a spokesperson for the Democratic Senatorial Campaign Committee, which has ramped up its spending since the August 9 primary and has spent over $4.8 million in the race so far, including a $1 million ad buy coordinated with the Barnes campaign.

    Senate Majority PAC, the super PAC aligned with Senate Democratic Leader Chuck Schumer, and its affiliated group have been on the air since May, having dropped $22 million in the state, with $6.2 million planned in the final three weeks.

    “We have just under three weeks left to defeat Johnson and defend our Democratic Senate majority—that’s what we’re focusing on, and we strongly encourage our fellow Democrats to do the same,” said Senate Majority PAC spokesperson Veronica Yoo.

    On the air, Republicans have had a near singular focus, hammering Barnes for violent crime and for previously advocating for shifting police funding to other social services in the community. Outside groups like Wisconsin Truth PAC and the Senate Leadership Fund, the super PAC aligned with Senate GOP Leader Mitch McConnell, have said he supports “defunding” the police, a slogan he rejects.

    Of the GOP attacks, Marilyn Norden, a voter in northern Wisconsin, said: “They seem to be working. Yes, I’m very concerned.”

    After a speech at a packed diner here in Oneida County, Barnes defended himself, telling reporters that the issue is personal for him since he’s lost friends to gun violence. He said he wants “fully funded” schools and “good-paying jobs,” and to prevent “dangerous weapons” from getting in the hands of criminals. He said that Johnson “is only playing politics with our safety.”

    “Nobody is asking about interviews from six years ago, people are asking why Ron Johnson continues to leave them behind,” he told CNN when asked about recent reports he spoke out against police brutality on RT, a Kremlin-backed network, in 2015 and 2016.

    Barnes is attempting to be the first Black person to become a US senator from Wisconsin, and his supporters see a racial component to the attacks.

    “These ads have gone from crime ads to just blatant racism,” Nelson said. “This is something that Wisconsin has never seen before.”

    Barnes’ attacks have mostly focused on the accusations that Johnson enriched himself while in office, an accusation the GOP senator rejects, and over his support for banning abortion.

    Sen. Ron Johnson greets people during a campaign stop at the Moose Lodge Octoberfest celebration earlier this month in Muskego, Wisconsin.

    Asked why he hasn’t focused on other issues during his paid media campaign – namely Johnson’s downplaying of the January 6, 2021, attack on the US Capitol, and sowing doubt over the Covid-19 vaccine – Barnes said there was plenty of controversy to choose from.

    “We actually have focused on January 6th to an extent, but the reality is there are many different fronts to address Ron Johnson’s failures,” Barnes told CNN. “And it’s important for us to highlight where Ron Johnson has failed people right at home and at the dinner table.”

    Johnson has remained behind closed doors this week. His campaign refused to disclose his campaign schedule this week or make him available for an interview. But he has appeared on Fox this week, including pleading for donations during an appearance on Sean Hannity’s show Tuesday night. The Barnes and Johnson campaigns have each spent over $23 million so far on the race, but the lieutenant governor outraised the senator last quarter, $19.5 million to $11.6 million.

    “I think so many people think this is won,” Johnson said to Hannity. “My fundraising is weaker. I rely on your audience.”

    There are signs that Democrats are broadening their attacks. The Senate Majority PAC and End Citizens United launched Wednesday a new ad featuring a retired Madison police officer calling out Johnson for describing the January 6 attack on the Capitol as largely a “peaceful protest.” On Tuesday, SMP aired another ad attacking Johnson on China, for working to sweeten a tax break for companies connected to his donors and himself, and for his anti-abortion rights position.

    At a speech here on Tuesday, Barnes attacked Johnson for not supporting federal legislation to codify same-sex marriage, for at one point facilitating an effort to contest the 2020 election and for later downplaying the January 6 riot.

    Johnson’s supporters in the ultimate swing state have twice sent him to the Senate, drawn to his brash attitude, businessman background and conservative values. The Wisconsin Republican has also benefited from running in election cycles when the political environment favored his party, first in the 2010 tea party wave, then in 2016 as Donald Trump stunned the world and narrowly took Wisconsin on his way to the White House, and now in 2022, when inflation and a deteriorating economy threatens Democrats’ control of Congress.

    Andy Loduha, Republican party chairman here in Oneida County, said Barnes doesn’t understand the economic issues that have come to the forefront of the race.

    “I think abortion is another example of how the Democrats don’t really have anything to run on,” said Loduha. “They’re running on emotional issues like abortion, but they don’t want to try to touch inflation, crime, drugs.”

    Wisconsin Democratic strategist Joe Zepecki is frustrated with the Democratic bedwetting, even though he said recognized the “tough national political environment.”

    “I just think there’s too many Democrats wringing their hands and thinking this thing is like gone or on its way to being gone,” Zepecki said. “Guys, run through the tape. You’re right there, despite the f***ing onslaught that Barnes had to weather … And he’s still right there.”

    Asked if she believed Barnes would win, Wisconsin Treasurer Sarah Godlewski, who ran against Barnes before dropping out, told CNN, “If there’s one thing we know about Wisconsin, it’s we live by close elections, and we never press our luck.”

    To get there, Barnes will be campaigning next week in Milwaukee with former President Barack Obama, in a bid to energize voters. But there are no plans yet to campaign with the current President, Joe Biden, whose unpopularity remains a liability here.

    Asked if Biden should run for reelection, Barnes told CNN: “We’ll cross that bridge when we get there. We still gotta get through November 8, 2022.”

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  • With product innovation lagging, Silicon Valley bets on a fresh coat of paint | CNN Business

    With product innovation lagging, Silicon Valley bets on a fresh coat of paint | CNN Business

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    CNN Business
     — 

    When Google unveiled its new Pixel 7 smartphone lineup earlier this month, the devices looked largely the same as the year prior. But there was at least one subtle change: the colors.

    Whereas the Pixel 6 had come in sorta seafoam (a light blue) and kinda coral (a pale pink), the Pixel 7 now comes in lemongrass (a green) and snow (off-white). Google has also swapped the stormy black (a stormy black) option on the Pixel 6 for obsidian (still black) on the Pixel 7.

    The emphasis on a new color palette for devices isn’t unique to Google. As tech companies showed off their latest smartphones, tablets and laptops at splashy press events over the last two months, many of the products had only limited changes on the outside but boasted elaborately named color options.

    Microsoft launched its Surface Pro 9 tablet in shades such as sapphire (blue) and forest (green), and its Surface Laptop 5 comes in metal (silver), sage (green) and sandstone (tan). Apple’s new iPhone 14 lineup comes in Starlight (a champagne color) and midnight (black), and the company has previously unveiled two shades of green (“green” and “alpine green”) and purple (“purple” and “deep purple”).

    Purple, in particular, has been having a moment in tech. Earlier this summer, Samsung unveiled a “bora purple” color for its flagship Galaxy S22 smartphone — the word “bora” in Korean translates to “purple,” effectively dubbing the color “purple purple.”

    At a time when many of the biggest upgrades to smartphones and other gadgets are under the hood, drumming up consumer interest with a fresh coat of paint may be easier in some ways than getting people excited about faster processors.

    “The quality of all phones is so high, it’s getting difficult for consumers to even notice what ‘better’ is anymore,” said Kelly Goldsmith, professor of marketing at Vanderbilt University. “As a result, tech brands need to adopt new strategies. Introducing different, niche colors is just one way to do it.”

    For consumers, there can be a real value to a broader range of colors. “Devices — whether they’re smartphones, wearables, PCs, or tablets — are an extension of the user’s persona, both in terms of who they are and who they aspire to be,” said Ramon Llamas, an analyst at IDC Research. “Introducing a different color is a way for devices and their owners to distinguish themselves.”

    But just as basic black, white, gray and silver are the top colors in the automobile industry, these colors tend to resonate most with smartphone owners, according to Peggy Van Allen, a color anthropologist for the Color Marketing Group. Still, she noted, a shift has been underway toward stronger colors.

    The Pixel 7 comes in obsidian, snow and lemongrass. The Pixel 7 Pro is available in obsidian, snow and hazel.

    Apple famously brought “Bondi Blue” to its Mac line in the late 1990s after Steve Jobs’ return to the company (it was a huge success). More recently, it created a splash with the introduction of the rose gold iPhone in 2015.

    “Warm metallics went away and then came back in style, and rose gold really reached mass appeal,” Van Allen said. “It peaked at a time when social media influencers were gobbling it up, and the popularity of Millennial Pink also helped to usher it in.”

    Both pinks lasted longer than most forecasters would have predicted, she said. “It was carried along by other trends of the time that enforced the desire for personalization and female empowerment.”

    The names of more recent colors have become increasingly esoteric in the last year or so. This is also likely a strategic play, according to Barbara Kahn, a professor of marketing at the University of Pennsylvania’s Wharton School.

    “Color names that are descriptive but odd can spark positive reactions because the consumer likes being able to ‘solve the puzzle,’” she said. “Color names that are ambiguous also spark attention and customers work to figure out what the meaning might be.”

    But for all the varied colors out there, it’s important to remember customers still overwhelmingly keep their phones in a case, essentially covering up the color that once helped entice them to upgrade.

    “There are some transparent cases available from both first and third parties,” said Eric Abbruzzese, research director at market research firm ABI Research, “but at least anecdotally, they don’t seem as popular as regular cases.”

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  • Barnes seeks to rebut crime attacks headed into final Senate debate with Johnson in Wisconsin | CNN Politics

    Barnes seeks to rebut crime attacks headed into final Senate debate with Johnson in Wisconsin | CNN Politics

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    CNN
     — 

    Mandela Barnes, the Democrat taking on Republican Sen. Ron Johnson in Wisconsin’s Senate race, on Thursday faces what could be his last clear shot at rebutting the avalanche of GOP attacks on crime and police funding that have taken a months-long toll on his campaign.

    Barnes and Johnson are set to meet for their second and final debate Thursday night – hours after the House committee investigating the January 6, 2021, attack on the US Capitol holds a hearing that is expected to function as its closing argument ahead of the November midterm elections.

    Barnes is highlighting Johnson’s actions on that day, seeking to cast him as an unreliable and hypocritical messenger on what it means to support police officers. Johnson, who played a role in trying to push “fake electors” for then-President Donald Trump before the start of the congressional certification of the 2020 electoral votes, has repeatedly downplayed the attack on the Capitol, saying it was not an “armed insurrection,” including as recently as earlier this month.

    Johnson and Republican outside spending groups have hammered Barnes, the Wisconsin lieutenant governor, throughout the fall in television advertisements, at events and in their first debate on crime – echoing a theme the GOP has made a core component of its closing message in Senate races across the map. Those attacks have coincided with Johnson rebounding from a summer slump in the polls less than four weeks from Election Day.

    During a campaign event Tuesday in Milwaukee where the Wisconsin Fraternal Order of Police and the West Allis Professional Police Association endorsed the two-term Republican senator, Johnson said that Barnes has shown “far greater sympathy for the criminal or criminals versus law enforcement or the victims.” He pointed to Barnes’ history of statements in support of decreasing or redirecting police funding.

    “The dispiriting nature of attempting to cut or use the code words of ‘reallocate,’ ‘over bloated budgets,’ – my opponent says that it pains him to see a fully funded police budget. I mean, that type of rhetoric,” Johnson said, “Those types of policies are very dispiriting for police.”

    Barnes, who says he does not support defunding the police, is attempting to shift the debate over crime away from his previous comments by targeting Johnson’s actions around the attack on the Capitol after President Joe Biden defeated former President Donald Trump in the 2020 presidential election.

    Ahead of Thursday’s debate, Barnes plans to hold a virtual news conference with retired Army Lt. Col. Alexander Vindman, who served on the National Security Council and emerged as a star witness against Trump during the his first impeachment. Barnes’ campaign said the event would serve to “hold Ron Johnson accountable for his attempt to send a fake slate of electors to the Vice President.”

    Johnson’s role in trying to put forward the slate of electors who had not been certified by any state legislature was uncovered in June by the House select committee investigating the events around the insurrection. “I was aware that we got this package and that somebody wanted us to deliver it, so we reached out to Pence’s office,” Johnson told CNN at the time.

    In his first debate with Barnes, Johnson said he did not know what he was being asked to hand Pence.

    “I had no idea when I got a call from the lawyers for the president of the United States to deliver something to the vice president, did I have a staffer who could help out with that – I had no idea what it was,” Johnson said. “I wasn’t even involved. I had no knowledge of an alternate state of electors.”

    His comment was part of perhaps the most memorable clash in their first debate last week. Barnes said that Johnson didn’t have any concern for the “140 officers that were injured in the January 6 insurrection.”

    “One officer was stabbed with a metal stake. Another crushed between a revolving door. Another hit in the head with a fire extinguisher,” Barnes said. “Let’s talk about the 140 officers that he left behind because of an insurrection that he supported.”

    Johnson said of the insurrection that he “immediately and forcefully and have repeatedly condemned it and condemned it strongly.”

    Barnes consistently led polls of the Senate race over the summer. But that edge has evaporated, more recent polls show – a change that has coincided with Republicans spending millions on TV ads focused on crime.

    A Marquette University Law School poll of Wisconsin released Wednesday showed movement among likely voters toward Johnson. The Republican led Barnes by 6 percentage points, 52% to 46%, among likely voters, the poll found. That’s a jump in Johnson’s favor from the neck-and-neck race the same poll found, with Johnson at 49% to Barnes’ 48%, in September.

    The poll’s results among likely voters are significantly more favorable to the GOP than are its results among all registered voters, suggesting substantial uncertainty hinging on Democrats’ ability to turn out less motivated supporters. By contrast, in Marquette’s latest results among all registered voters, Barnes and Johnson are tied at 47% in the Senate race.

    Other recent polls of the race have found likely voters deadlocked. In a CBS News/YouGov poll released Sunday, Johnson took 50% to Barnes’ 49% among likely voters.

    The Marquette poll found that inflation is a top issue in Wisconsin, with 68% of registered voters saying they are very concerned about it. Smaller majorities are also very concerned about public schools (60%), gun violence (60%), abortion policy (56%), crime (56%) and an “accurate vote count” (52%).

    But it’s crime that Republican strategists say has been central to Johnson’s rebound in the race.

    The attacks have taken place against the backdrop of rising violent crime figures, including a 70% increase in Wisconsin’s homicide rate from 2019 to 2021, according to the state’s Department of Justice. Republicans have also highlighted those convicted of violent crimes who have been paroled by the Wisconsin Parole Commission, an independent agency whose chairperson is appointed by the governor.

    “They don’t have an answer,” Brian Schimming, a Republican strategist in Wisconsin, said of Barnes’ campaign. “With Mandela Barnes, it’s not just one thing. It’s not anecdotal. There are three, four, five issues there that are not playing with an electorate that’s pretty concerned about crime right now, and not just if they’re in Milwaukee.”

    In the month of September, 61% of the nearly $9 million that Johnson and GOP groups spent on TV ads in the Wisconsin Senate race was behind ads focused on crime, according to data from the firm AdImpact.

    That share has dropped to 30% so far in October, but nine of the 14 ads that Republican groups have aired so far have been focused on crime.

    It has forced Democrats to respond. Barnes and Democratic groups have focused 40% of their TV ad spending so far in October on crime, with ads rebutting the GOP groups.

    The Republican attacks have focused on Barnes’ efforts as a state lawmaker to end cash bail, as well as a 2020 interview with PBS Wisconsin – weeks after the police killing of George Floyd in neighboring Minnesota – in which Barnes suggested that funding should be redirected from police budgets to other social services.

    “We need to invest more in neighborhood services and programming for our residents, for our communities on the front end,” he said then. “Where will that money come from? Well, it can come from over-bloated budgets in police departments.”

    He did, however, also stress in that same interview that he did not want police budgets completely done away with, saying, “The more money we invest in opportunity for people, the less money we have to spend on prisons.”

    One Johnson campaign ad shows video of Barnes saying that “reducing prison population is now sexy.” A narrator in the ad highlights Democratic Gov. Tony Evers’ administration’s efforts to reduce the state’s prison population and says: “That’s not sexy. It’s terrifying. And as a mother, I don’t want Mandela Barnes anywhere near the Senate, from defunding our police to releasing predators.”

    Another Johnson spot features the sheriffs of Ozaukee and Waukesha counties, both huge sources of Republican votes in the Milwaukee suburbs.

    “Barnes wants to defund our police,” Waukesha County Sheriff Eric Severson says in the ad.

    “Mandela Barnes’ policies are a threat to your family,” Ozaukee County Sheriff Jim Johnson says.

    Barnes’ campaign has responded with ads of its own, including one in which Barnes says of GOP ads claiming he supports defunding the police, “That’s a lie.”

    “Mandela doesn’t want to defund the police,” a retired Racine Police Department sergeant says in another Barnes spot. “He’s very supportive of law enforcement and I know his objective is to make every community in the state of Wisconsin better.”

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  • Mandela Barnes has signaled support for removing police funding and abolishing ICE — despite ad claiming otherwise | CNN Politics

    Mandela Barnes has signaled support for removing police funding and abolishing ICE — despite ad claiming otherwise | CNN Politics

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    CNN
     — 

    Wisconsin Democratic Senate nominee Mandela Barnes has previously signaled his support for removing police funding and abolishing ICE, according to a review by CNN’s KFile, despite claiming otherwise in a recent ad in which he speaks directly to the camera to defend his record on those issues.

    “Look, we knew the other side would make up lies about me to scare you. Now they’re claiming I want to defund the police and abolish ICE. That’s a lie,” says Barnes to the camera in a recent 30-second television ad called “Truth.”

    But a CNN KFile review of Barnes’ social media activity and public comments he made in interview appearances reveal a different and more nuanced picture in which Barnes often signaled his support for such positions.

    In multiple posts from 2018 uncovered by CNN, Barnes liked tweets that criticized the immigration agency and called to abolish them. He told a group that supported abolishing the institution in 2019 that the “wrong ICE” was melting and attended one of their “Abolish ICE” local rallies.

    This week, Barnes pushed back on attacks on his record on criminal justice and crime, saying he wouldn’t be “lectured on crime” by Republicans, citing the January 6, 2021, riot at the US Capitol in which more than 100 police officers reported injuries.

    Barnes, the lieutenant governor of Wisconsin, fielded another attack Friday night from incumbent Republican Sen. Ron Johnson, with whom he is locked in a tight race. The outcome could determine control of the US Senate next year.

    “He has a record of wanting to defund the police,” Johnson said of Barnes during a debate. “And I know he doesn’t necessarily say that word, but he has a long history of being supported by people that are leading the effort to defund, who uses code words like (Missouri Democratic Rep.) Cori Bush said, talking about reallocate over bloated police budgets.”

    Barnes shot back that Johnson didn’t have any concern for the “140 officers that were injured in the January 6 insurrection.” Johnson in turn said that he “immediately and forcefully and have repeatedly condemned (the Capitol riot) and condemned it strongly.”

    Though Barnes has never outright embraced the “defund the police” slogan, he has on numerous occasions said he supports redirecting or decreasing police funding – even before the slogan gained popularity in 2020 following the murder of George Floyd by police.

    In one 2020 interview reviewed by CNN, Barnes told a local Wisconsin public radio show that funding should go to social workers and a “crisis intervener or a violence interrupter,” instead of police.

    Maddy McDaniel, spokesperson for the Barnes campaign, said he does not support defunding the police or abolishing ICE.

    “As independent fact-checkers have verified, Lt. Governor Mandela Barnes does not support abolishing ICE or defunding the police.”

    In previously unreported activity on social media reviewed by CNN’s KFile, Barnes repeatedly liked tweets about abolishing ICE.

    He liked one September 2018 tweet that used the “#AbolishICE” hashtag and compared the agency to “modern day slave catchers.” His Twitter account also liked other tweets calling for abolishing ICE twice in July 2018 and twice in June.

    “Imagine a world without ICE,” read one of the tweets liked by Barnes.

    Barnes also once solicited an “Abolish ICE” T-shirt on Twitter in 2018 writing, “I need that,” when offered the Democratic Socialists of America-branded shirt. A photo of Barnes holding a similar shirt later circulated on social media. Barnes told the Milwaukee Journal-Sentinel, which first reported on the shirt, he was not part of the abolish ICE movement saying “no one slogan can capture all the work we have to do.”

    While speaking to the Wisconsin-based immigration group Voces de la Frontera Action in 2019, Barnes alluded to calls to get rid of the immigration enforcement agency.

    “We’re bringing science back. We’re bringing science back for the next generation. We’re bringing science back because the wrong ICE is melting,” Barnes said.

    In June of 2018 at a different event from the group, Barnes attended what was labeled a protest to “top the Indefinite Imprisonment of Families & Abolish ICE,” according to photos on his Facebook page.

    “Great turnout at Voces de la Frontera’s event to #protest President Trump’s #immigration policies at the Milwaukee Immigration and Customs Enforcement (ICE) office! However, there is more to do to ensure that immigrants’ rights – human rights – are protected. Let your voices be heard!” Barnes wrote on Facebook about the event, which featured the executive director of the organization calling for the abolishment of the agency.

    While he has never outright embraced the “defund the police” slogan, Barnes has long called for reforming or changing policing, especially in communities of color and reducing their budgets.

    Speaking in 2015 on a panel entitled “Civil Rights in the Age of Extremism,” Barnes called police officers who don’t live in communities in which they police an “occupying force.” He also advocated reducing police budgets even before the “defund the police” slogan became popular on the far-left in the summer of 2020.

    Which policies the “defund the police” slogan stands for are actively debated, with some arguing it means abolishing police departments all together, while others have embraced shifting police funding to other social services in the community. Barnes reiterated support for the latter in a 2012 survey for the organization Vote Smart where he indicated he supported slightly decreasing budgets for law enforcement and corrections.

    In early June 2020, Barnes said “defunding” police wasn’t as “aggressive” as it was portrayed, citing budget cuts to other social services.

    “Defunding isn’t necessarily as aggressive as a lot of folks paint it,” Barnes said. “You know, school budgets get cut almost every year.”

    When asked directly if he supported defunding the police, Barnes told Wisconsin public radio in late June 2020 that he thought funding for police was a “mismatch” compared to other services in the city.

    “You can look at the City of Milwaukee, for example, where 45% of the departmental allocations that goes to police while libraries are like two or three percent, neighborhood services, two or three percent,” Barnes said. “I think that you can look at that a, a priorities mismatch.”

    Barnes, comparing police budgets to money spent on prisons and the military, said the money could be better spent on social workers or violence interrupters.

    “We’re working to reduce our prison population, we’re very intentional about making that happen and it takes that intentionality,” he said. “It’s easy to look at the police department and say, ‘Well, yeah, we are spending a lot of money. How do we get smarter about this?’”

    “It becomes the conversation about needs,” he continued. “This isn’t about attacking the police. If anything, it’s about making their jobs easier by implementing programs … where we have services where they wouldn’t have to respond to things that aren’t crime, where they don’t have to respond to, you know, instances that would be better suited for a social worker or some sort of crisis intervener or a violence interrupter that would help, you know, uh, promote peace and communities in the first place.”

    “I think that’s where our funding should go,” Barnes reiterated. “What’s going on right now isn’t necessarily working, you know, police brutality is one thing – but in general, uh, the idea of promoting safer communities, I don’t, I don’t think that we’re doing a good job at that.”

    This story has been updated with additional developments Friday.

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  • First on CNN: Barnes raises more than $20 million in third quarter of closely watched Wisconsin Senate race | CNN Politics

    First on CNN: Barnes raises more than $20 million in third quarter of closely watched Wisconsin Senate race | CNN Politics

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    CNN
     — 

    Democratic Senate candidate Mandela Barnes raised more than $20 million in the third quarter of 2022, according to details from the Wisconsin lieutenant governor’s campaign, dwarfing what he raised throughout his entire bid for Senate.

    Barnes is aiming to unseat Sen. Ron Johnson, the Republican incumbent who is seeking a third term, in what has become one of the most closely watched Senate campaigns of the midterms. With an evenly divided Senate, every race this November could tilt the balance of power in the legislative body, but Barnes’ race against Johnson represents one of the best chances for Democrats to flip a Senate seat this cycle.

    The race has been tight for months. A Marquette University Law School Poll, released in mid-September, found 49% of likely voters in Wisconsin supported Johnson, compared to 48% who backed Barnes – a statistical dead heat. But the poll was an improvement for Johnson: The same poll had found Barnes at 52% in August with the incumbent at 45%.

    Barnes’ fundraising haul should help Democrats level the advertising playing field in the race after being outspent in September.

    According to AdImpact, Republicans spent nearly $22.5 million on ads in September, compared to $16.5 million for Democrats. The biggest spenders in the race over that time was Senate Leadership Fund, the Republican super PAC with close ties to Senate Minority Leader Mitch McConnell. The group spent nearly $8 million in September. Senate Majority PAC, the predominant Democratic super PAC focused on Senate races, spent just over $6 million.

    While Republicans spend money hammering him on crime, Barnes has attempted to focus his campaign on the major issue motivating Democratic voters in 2022 in the wake of June’s Supreme Court decision overturning Roe v. Wade: Abortion.

    “I’m proud of the grassroots coalition we’ve built across Wisconsin,” Barnes said in a statement to CNN. “Over this final stretch we’ll keep going everywhere and holding Ron Johnson accountable for his record of supporting a dangerous abortion ban with no exceptions for rape, incest, or the life of the woman. He’s out of touch with Wisconsin values and we’re going to send him packing.”

    The Democrat recently launched a statewide tour the campaign has dubbed “Ron Against Roe,” an effort it hopes will take advantage of opposition to the June Supreme Court ruling. Marquette’s polling found more than 60% of Wisconsin voters opposed that decision. Barnes also rolled out a new ad that attacks Johnson for supporting a 2011 bill that was introduced by Mississippi Sen. Roger Wicker that would have enshrined “the right to life” upon conception.

    “It’s Johnson’s views that are alarming. Johnson supported a ban on abortion, he cosponsored a bill that makes no exceptions for rape or incest or the life of the woman. And Johnson said if women don’t like it, they can move,” a narrator says in a new Barnes ad.

    Johnson has since tried to push back against the abortion attacks by saying he believes the issue should be left to Wisconsin voters, including by updating an 1849 law that bans nearly all abortions to include exceptions for rape, incest or if the life of the mother is at stake. But Johnson backed the Supreme Court’s overturning of Roe v. Wade and has numerous times put his name on a bill that would make it illegal to perform an abortion 20 weeks after conception.

    While Barnes focuses on abortion, Johnson’s campaign has been laser focused on attacking the Democrat over crime, including touting endorsements from law enforcement organizations and running ads tying Barnes to efforts to “defund the police.”

    “Mandela Barnes: Dangerously liberal on crime,” a narrator says in a recent ad before showing Johnson standing next to a police officer.

    Ben Voelkel, a spokesman for Johnson, responded to Barnes’ fundraising haul by saying, “All the out of state liberal money in the world can’t change the fact Mandela Barnes supports the Defund the Police and Abolish ICE movements, wants to cut the prison population in half and backs the same Biden economic policies that have led to 40-year high inflation and record gas prices.”

    Barnes has responded by refuting the defund accusations, including with an ad that shows a retired sergeant for the Racine Police Department testifying that Barnes “does not want to defund the police.”

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  • The 10 Senate seats most likely to flip in 2022 | CNN Politics

    The 10 Senate seats most likely to flip in 2022 | CNN Politics

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    CNN
     — 

    The race for the Senate is in the eye of the beholder less than six weeks from Election Day, with ads about abortion, crime and inflation dominating the airwaves in key states as campaigns test the theory of the 2022 election.

    The cycle started out as a referendum on President Joe Biden – an easy target for Republicans, who need a net gain of just one seat to flip the evenly divided chamber. Then the US Supreme Court’s late June decision overturning Roe v. Wade gave Democrats the opportunity to paint a contrast as Republicans struggled to explain their support for an abortion ruling that the majority of the country opposes. Former President Donald Trump’s omnipresence in the headlines gave Democrats another foil.

    But the optimism some Democrats felt toward the end of the summer, on the heels of Biden’s legislative wins and the galvanizing high court decision, has been tempered slightly by the much anticipated tightening of some key races as political advertising ramps up on TV and voters tune in after Labor Day.

    Republicans, who have midterm history on their side as the party out of the White House, have hammered Biden and Democrats for supporting policies they argue exacerbate inflation. Biden’s approval rating stands at 41% with 54% disapproving in the latest CNN Poll of Polls, which tracks the average of recent surveys. And with some prices inching back up after a brief hiatus, the economy and inflation – which Americans across the country identify as their top concern in multiple polls – are likely to play a crucial role in deciding voters’ preferences.

    But there’s been a steady increase in ads about crime too as the GOP returns to a familiar criticism, depicting Democrats as weak on public safety. Cops have been ubiquitous in TV ads this cycle – candidates from both sides of the aisle have found law enforcement officers to testify on camera to their pro-police credentials. Democratic ads also feature women talking about the threat of a national abortion ban should the Senate fall into GOP hands, while Republicans have spent comparatively less trying to portray Democrats as the extremists on the topic.

    While the issue sets have fluctuated, the Senate map hasn’t changed. Republicans’ top pickup opportunities have always been Nevada, Georgia, Arizona and New Hampshire – all states that Biden carried in 2020. In two of those states, however, the GOP has significant problems, although the states themselves keep the races competitive. Arizona nominee Blake Masters is now without the support of the party’s major super PAC, which thinks its money can be better spent elsewhere, including in New Hampshire, where retired Army Brig. Gen. Don Bolduc is far from the nominee the national GOP had wanted. But this is the time of year when poor fundraising can really become evident since TV ad rates favor candidates and a super PAC gets much less bang for its buck.

    The race for Senate control may come down to three states: Georgia, Nevada and Pennsylvania, all of which are rated as “Toss-up” races by Inside Elections with Nathan L. Gonzales. As Republicans look to flip the Senate, which Minority Leader Mitch McConnell has called a “50-50 proposition,” they’re trying to pick up the first two and hold on to the latter.

    Senate Democrats’ path to holding their majority lies with defending their incumbents. Picking off a GOP-held seat like Pennsylvania – still the most likely to flip in CNN’s ranking – would help mitigate any losses. Wisconsin, where GOP Sen. Ron Johnson is vying for a third term, looks like Democrats’ next best pickup opportunity, but that race drops in the rankings this month as Republican attacks take a toll on the Democratic nominee in the polls.

    These rankings are based on CNN’s reporting, fundraising and advertising data, and polling, as well as historical data about how states and candidates have performed. It will be updated one more time before Election Day.

    Incumbent: Republican Pat Toomey (retiring)

    Sarah Silbiger/Pool/Getty Images

    The most consistent thing about CNN’s rankings, dating back to 2021, has been Pennsylvania’s spot in first place. But the race to replace retiring GOP Sen. Pat Toomey has tightened since the primaries in May, when Republican Mehmet Oz emerged badly bruised from a nasty intraparty contest. In a CNN Poll of Polls average of recent surveys in the state, Democrat John Fetterman, the state lieutenant governor, had the support of 50% of likely voters to Oz’s 45%. (The Poll of Polls is an average of the four most recent nonpartisan surveys of likely voters that meet CNN’s standards.) Fetterman is still overperforming Biden, who narrowly carried Pennsylvania in 2020. Fetterman’s favorability ratings are also consistently higher than Oz’s.

    One potential trouble spot for the Democrat: More voters in a late September Franklin and Marshall College Poll viewed Oz has having policies that would improve voters’ economic circumstances, with the economy and inflation remaining the top concern for voters across a range of surveys. But nearly five months after the primary, the celebrity surgeon still seems to have residual issues with his base. A higher percentage of Democrats were backing Fetterman than Republicans were backing Oz in a recent Fox News survey, for example, with much of that attributable to lower support from GOP women than men. Fetterman supporters were also much more enthusiastic about their candidate than Oz supporters.

    Republicans have been hammering Fetterman on crime, specifically his tenure on the state Board of Pardons: An ad from the Senate Leadership Fund features a Bucks County sheriff saying, “Protect your family. Don’t vote Fetterman.” But the lieutenant governor is also using sheriffs on camera to defend his record. And with suburban voters being a crucial demographic, Democratic advertising is also leaning into abortion, like this Senate Majority PAC ad that features a female doctor as narrator and plays Oz’s comments from during the primary about abortion being “murder.” Oz’s campaign has said that he supports exceptions for “the life of the mother, rape and incest” and that “he’d want to make sure that the federal government is not involved in interfering with the state’s decisions on the topic.”

    Incumbent: Democrat Catherine Cortez Masto

    02 democrat immigration legislation 0717

    CNN

    Republicans have four main pickup opportunities – and right now, Democratic Sen. Catherine Cortez Masto’s seat looks like one of their best shots. Biden carried Nevada by a slightly larger margin than two of those other GOP-targeted states, but the Silver State’s large transient population adds a degree of uncertainty to this contest.

    Republicans have tried to tie the first-term senator to Washington spending and inflation, which may be particularly resonant in a place where average gas prices are now back up to over $5 a gallon. Democrats are zeroing in on abortion rights and raising the threat that a GOP-controlled Senate could pass a national abortion ban. Former state Attorney General Adam Laxalt – the rare GOP nominee to have united McConnell and Trump early on – called the 1973 Roe v. Wade ruling a “joke” before the Supreme Court overturned the decision in June. Democrats have been all too happy to use that comment against him, but Laxalt has tried to get around those attacks by saying he does not support a national ban and pointing out that the right to an abortion is settled law in Nevada.

    Incumbent: Democrat Raphael Warnock

    Sen Raphael Warnock 10 senate seats

    Megan Varner/Getty Images

    The closer we get to Election Day, the more we need to talk about the Georgia Senate race going over the wire. If neither candidate receives a majority of the vote in November, the contest will go to a December runoff. There was no clear leader in a recent Marist poll that had Democratic Sen. Raphael Warnock, who’s running for a full six-year term, and Republican challenger Herschel Walker both under 50% among those who say they definitely plan to vote.

    Warnock’s edge from earlier this cycle has narrowed, which bumps this seat up one spot on the rankings. The good news for Warnock is that he’s still overperforming Biden’s approval numbers in a state that the President flipped in 2020 by less than 12,000 votes. And so far, he seems to be keeping the Senate race closer than the gubernatorial contest, for which several polls have shown GOP Gov. Brian Kemp ahead. Warnock’s trying to project a bipartisan image that he thinks will help him hold on in what had until recently been a reliably red state. Standing waist-deep in peanuts in one recent ad, he touts his work with Alabama GOP Sen. Tommy Tuberville to “eliminate the regulations,” never mentioning his own party. But Republicans have continued to try to tie the senator to his party – specifically for voting for measures in Washington that they claim have exacerbated inflation.

    Democrats are hoping that enough Georgians won’t see voting for Walker as an option – even if they do back Kemp. Democrats have amped up their attacks on domestic violence allegations against the former football star and unflattering headlines about his business record. And all eyes will be on the mid-October debate to see how Walker, who has a history of making controversial and illogical comments, handles himself onstage against the more polished incumbent.

    Incumbent: Republican Ron Johnson

    Sen Ron Johnson 10 senate seats

    Leigh VogelPool/Getty Images

    Sen. Ron Johnson is the only Republican running for reelection in a state Biden won in 2020 – in fact, he broke his own term limits pledge to run a third time, saying he believed America was “in peril.” And although Johnson has had low approval numbers for much of the cycle, Democrats have underestimated him before. This contest moves down one spot on the ranking as Johnson’s race against Democratic Lt. Gov. Mandela Barnes has tightened, putting the senator in a better position.

    Barnes skated through the August primary after his biggest opponents dropped out of the race, but as the nominee, he’s faced an onslaught of attacks, especially on crime, using against him his past words about ending cash bail and redirecting some funding from police budgets to social services. Barnes has attempted to answer those attacks in his ads, like this one featuring a retired police sergeant who says he knows “Mandela doesn’t want to defund the police.”

    A Marquette University Law School poll from early September showed no clear leader, with Johnson at 49% and Barnes at 48% among likely voters, which is a tightening from the 7-point edge Barnes enjoyed in the same poll’s August survey. Notably, independents were breaking slightly for Johnson after significantly favoring Barnes in the August survey. The effect of the GOP’s anti-Barnes advertising can likely be seen in the increasing percentage of registered voters in a late September Fox News survey who view the Democrat as “too extreme,” putting him on parity with Johnson on that question. Johnson supporters are also much more enthusiastic about their candidate.

    Incumbent: Democrat Mark Kelly

    Mark Kelly AZ 1103

    Courtney Pedroza/Getty Images

    Democratic Sen. Mark Kelly, who’s running for a full six-year term after winning a 2020 special election, is still one of the most vulnerable Senate incumbents in a state that has only recently grown competitive on the federal level. But Republican nominee Blake Masters is nowhere close to rivaling Kelly in fundraising, and major GOP outside firepower is now gone. After canceling its September TV reservations in Arizona to redirect money to Ohio, the Senate Leadership Fund has cut its October spending too.

    Other conservative groups are spending for Masters but still have work to do to hurt Kelly, a well-funded incumbent with a strong personal brand. Kelly led Masters 51% to 41% among registered voters in a September Marist poll, although that gap narrowed among those who said they definitely plan to vote. A Fox survey from a little later in the month similarly showed Kelly with a 5-point edge among those certain to vote, just within the margin of error.

    Masters has attempted to moderate his abortion position since winning his August primary, buoyed by a Trump endorsement, but Kelly has continued to attack him on the issue. And a recent court decision allowing the enforcement of a 1901 state ban on nearly all abortions has given Democrats extra fodder to paint Republicans as a threat to women’s reproductive rights.

    Incumbent: Republican Richard Burr (retiring)

    Sen Richard Burr 10 senate seats

    Demetrius Freeman/Pool/Getty Images

    North Carolina slides up one spot on the rankings, trading places with New Hampshire. The open-seat race to replace retiring GOP Sen. Richard Burr hasn’t generated as much national buzz as other states given that Democrats haven’t won a Senate seat in the state since 2008.

    But it has remained a tight contest with Democrat Cheri Beasley, who is bidding to become the state’s first Black senator, facing off against GOP Rep. Ted Budd, for whom Trump recently campaigned. Beasley lost reelection as state Supreme Court chief justice by only about 400 votes in 2020 when Trump narrowly carried the Tar Heel state. But Democrats hope that she’ll be able to boost turnout among rural Black voters who might not otherwise vote during a midterm election and that more moderate Republicans and independents will see Budd as too extreme. One of Beasley’s recent spots features a series of mostly White, gray-haired retired judges in suits endorsing her as “someone different” while attacking Budd as being a typical politician out for himself.

    Budd is leaning into current inflation woes, specifically going after Biden in some ads that feature half-empty shopping carts, without even mentioning Beasley. Senate Leadership Fund is doing the work of trying to tie the Democrat to Washington – one recent spot almost makes her look like the incumbent in the race, superimposing her photo over an image of the US Capitol and displaying her face next to Biden’s. Both SLF and Budd are also targeting Beasley over her support for Democrats’ recently enacted health care, tax and climate bill. “Liberal politician Cheri Beasley is coming for you – and your wallet,” the narrator from one SLF ad intones, before later adding, “Beasley’s gonna knock on your door with an army of new IRS agents.” (The new law increases funding for the IRS, including for audits. But Democrats and the Trump-appointed IRS commissioner have said the intention is to go after wealthy tax cheats, not the middle class.)

    Incumbent: Democrat Maggie Hassan

    Sen Maggie Hassan 10 senate seats

    Erin Scott/Getty Images

    A lot has been made of GOP candidate quality this cycle. But there are few states where the difference between the nominee Republicans have and the one they’d hoped to have has altered these rankings quite as much as New Hampshire.

    Retired Army Brig. Gen. Don Bolduc, who lost a 2020 GOP bid for the state’s other Senate seat, won last month’s Republican primary to take on first-term Democratic Sen. Maggie Hassan. The problem for him, though, is that he doesn’t have much money to wage that fight. Bolduc had raised a total of $579,000 through August 24 compared with Hassan’s $31.4 million. Senate Leadership Fund is on air in New Hampshire to boost the GOP nominee – attacking Hassan for voting with Biden and her support of her party’s health care, tax and climate package. But because super PACs get much less favorable TV advertising rates than candidates, those millions won’t go anywhere near as far as Hassan’s dollars will.

    A year ago, Republicans were still optimistic that Gov. Chris Sununu would run for Senate, giving them a popular abortion rights-supporting nominee in a state that’s trended blue in recent federal elections. Bolduc told WMUR after his primary win that he’d vote against a national abortion ban. But ads from Hassan and Senate Majority PAC have seized on his suggestion in the same interview that the senator should “get over” the abortion issue. Republicans recognize that abortion is a salient factor in a state Biden carried by 7 points, but they also argue that the election – as Bolduc said to WMUR – will be about the economy and that Hassan is an unpopular and out-of-touch incumbent.

    Hassan led Bolduc 49% to 41% among likely voters in a Granite State Poll conducted by the University of New Hampshire Survey Center. The incumbent has consolidated Democratic support, but only 83% of Republicans said they were with Bolduc, the survey found. Still, some of those Republicans, like those who said they were undecided, could come home to the GOP nominee as the general election gets closer, which means Bolduc has room to grow. He’ll need more than just Republicans to break his way, however, which is one reason he quickly pivoted on the key issue of whether the 2020 election was stolen days after he won the primary.

    Incumbent: Republican Rob Portman (retiring)

    Sen Rob Portman 10 senate seats

    TING SHEN/AFP/POOL/Getty Images

    Ohio – a state that twice voted for Trump by 8 points – isn’t supposed to be on this list at No. 8, above Florida, which backed the former President by much narrower margins. But it’s at No. 8 for the second month in a row. Republican nominee J.D. Vance’s poor fundraising has forced Senate Leadership Fund to redirect millions from other races to Ohio to shore him up and attack Rep. Tim Ryan, the Democratic nominee who had the airwaves to himself all summer. The 10-term congressman has been working to distance himself from his party in most of his ads, frequently mentioning that he “voted with Trump on trade” and criticizing the “defund the police” movement. Vance is finally on the air, trying to poke some holes in Ryan’s image.

    But polling still shows a tight race with no clear leader. Ryan had an edge with independents in a recent Siena College/Spectrum News poll, which also showed that Vance – Trump’s pick for the nomination – has more work to do to consolidate GOP support after an ugly May primary. Assuming he makes up that support and late undecided voters break his way, Vance will likely hold the advantage in the end given the Buckeye State’s solidifying red lean.

    Incumbent: Republican Marco Rubio

    Sen Marco Rubio 10 senate seats

    DREW ANGERER/AFP/POOL/Getty Images

    Democrats face an uphill battle against GOP Sen. Marco Rubio in an increasingly red-trending state, which Trump carried by about 3 points in 2020 – nearly tripling his margin from four years earlier.

    Democratic Rep. Val Demings, who easily won the party’s nomination in August, is a strong candidate who has even outraised the GOP incumbent, but not by enough to seriously jeopardize his advantage. She’s leaning into her background as the former Orlando police chief – it features prominently in her advertising, in which she repeatedly rejects the idea of defunding the police. Still, Rubio has tried to tie her to the “radical left” in Washington to undercut her own law enforcement background.

    Incumbent: Democrat Michael Bennet

    Sen Michael Bennett 10 senate seats

    DEMETRIUS FREEMAN/AFP/POOL/Getty Images

    Democratic Sen. Michael Bennet is no stranger to tough races. In 2016, he only won reelection by 6 points against an underfunded GOP challenger whom the national party had abandoned. Given GOP fundraising challenges in some of their top races, the party hasn’t had the resources to seriously invest in the Centennial State this year.

    But in his bid for a third full term, Bennet is up against a stronger challenger in businessman Joe O’Dea, who told CNN he disagreed with the Supreme Court’s decision to overturn Roe v. Wade. His wife and daughter star in his ads as he tries to cut a more moderate profile and vows not to vote the party line in Washington.

    Bennet, however, is attacking O’Dea for voting for a failed 2020 state ballot measure to ban abortion after 22 weeks of pregnancy and arguing that whatever O’Dea says about supporting abortion rights, he’d give McConnell “the majority he needs” to pass a national abortion ban.

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  • How Spam became cool again | CNN Business

    How Spam became cool again | CNN Business

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    New York
    CNN Business
     — 

    Spam is cool.

    The 85-year-old canned block of meat has undergone a cultural reinvention.

    Hormel

    (HRL)
    has sold a record amount of Spam for seven straight years, and 2022 is on pace for another such milestone. The conglomerate behind Skippy and Jennie-O turkey says it can’t make Spam fast enough and is increasing production capacity.

    Spam is a trending ingredient on TikTok and on the menu at fine-dining restaurants in coastal cities. In 2019, a limited-edition Spam pumpkin spice flavor sold out in minutes. (You can still buy it on Ebay, where it goes for up to $100 per can.)

    What is behind this phenomenon? Why does this slab of cooked pork that has long been stigmatized as fake meat, linked to wartime rations and hilariously spoofed on Monty Python now have cachet with foodies?

    Spam’s popularity in Hawaiian, Asian and Pacific Island cuisine has influenced its growth in the United States. As more immigrants came to the United States and fusion dishes and ethnic cuisines entered the cultural mainstream, Spam has reached new, younger foodies, say Hormel, food analysts and researchers.

    Edgy and clever advertising campaigns also have helped Spam attract a broader customer range than the Baby Boomers who grew up eating it, sometimes reluctantly.

    “Spam has undergone a reputation makeover,” said Robert Ku, an associate professor of Asian and Asian American studies at Binghamton University and the author of “Dubious Gastronomy: Eating Asian in the USA.” “A lot of celebrity chefs have been Asian and Asian American, and reintroduced Spam to a new audience.”

    More than 100,000 visitors stream into the Spam museum every year in Austin, Minnesota, with stories to tell about Spam and recipes to share, said Savile Lord, the manager of the museum in the brand’s hometown. Visitors most often ask her and other museum “Spambassadors” how Spam got its name and what the heck is in it.

    Spam first hit shelves in 1937 as a 12-ounce, 25-cent, convenient and long-lasting protein in a tin can during the lean years of the Great Depression. Spam contained nothing but pork shoulder, chopped ham, water, sugar and sodium.

    It was a concoction of George Hormel and his son, Jay, meatpackers in Austin. The Hormels had been working on the “problem of canning a nonperishable pork product for a good many years and at last we solved it,” Jay told The New Yorker in 1945.

    They offered a $100 prize for the best name for the food. It needed to be short for display purposes and to fit on one-column newspaper advertisements. It also had to pronounceable in any language.

    The brother of a corporate executive threw out “Spam,” a combination of “spice” and “ham,” at a party, and Hormel “knew then and there that the name was perfect.”

    From the beginning, Spam was marketed as a time-saver and a food for any meal: Spam and eggs. Spam and pancakes. Spam and beans, spaghetti, macaroni and crackers. Spamwiches.

    A pie made with Spam-brand canned meat, potatoes, scallions, and cream of mushroom soup during the 1950s or 1960s.

    “Never have you imagined a meat could turn into so many interesting uses. Morning, noon or night – cold or hot – Spam hits the spot!” read one early advertisement. Spam was a “miracle meat,” the company told consumers in newspaper spots and radio ads.

    And then came the United States’ entrance into World War II in 1941, the decisive moment in Spam’s growth.

    At many Pacific outposts, which had little refrigeration or local sources of meat, American and Allied troops relied on the canned meat that could be stored away for months and eaten on the go.

    Hormel says more than 100 million pounds of Spam were shipped overseas to help feed the troops during the war. Uncle Sam became known as Uncle Spam, much to the dismay of troops forced to eat it every single day.

    “During World War II, of course, I ate my share of Spam along with millions of other soldiers,” Dwight D. Eisenhower later wrote to Hormel’s president. “I’ll even confess to a few unkind remarks about it – uttered during the strain of battle.”

    For the citizens of conflict-wracked countries in the Pacific struggling with hunger and famine during the war and rebuilding years, however, Spam was a symbol of access to American goods and services. Sometimes, it was the only protein source available. After US troops left, Spam remained, becoming an ingredient in local dishes.

    “Spam became part of Asian culture,” said Ayalla Ruvio, a consumer behavior researcher at Michigan State University who studies identity and consumption habits. “It represented a piece of America. It’s like Coca-Cola or McDonald’s.”

    American troops also introduced Spam in Korea during the Korean War in the early 1950s, and Budae Jjigae (Army Stew) became a popular Korean dish. Spam also remains a common ingredient in dishes almost anywhere US soldiers were stationed, such as Guam, the Philippines and Okinawa, Japan.

    In Hawaii, where the US military has long been a major presence, more Spam is consumed per person than any other state. It’s stacked on a block of rice and wrapped in seaweed to make Spam musubi and sold at fast-food chains like McDonald’s in Hawaii. There’s even an annual Waikiki Spam Jam festival.

    Many US soldiers returning from World War II vowed never to eat Spam again, and the brand became linked to rationing and economic hardship. But Spam has appealed to new consumers in the United States in recent years.

    Spam musubi, a common Japanese lunch dish that was created in Hawaii.

    “When I first started getting into the brand, we started to notice this transition to a stronger multicultural set of consumers,” said Brian Lillis, who has been product’s brand manager for six years. “They brought with them the traditions of utilizing the product in their home country or where maybe their ancestors came from.”

    Hormel has worked with chefs at Korean, Taiwanese and Vietnamese restaurants to get Spam on menus. As more people have been introduced to these dishes, they go home and try to make their own versions, Lillis said.

    Spam highlights its versatility in dishes on social media and TV advertisements. There are ads for Spam and eggs, as well as Spam fried rice, Spam musabi, yakitori, and poke.

    Spam has made a comeback in the United States because Asian and Asian American chefs such as Chris Oh have tried to reinvent it in their own ways, said Ku, the Binghamton University professor. “They brought some of the culinary influences of Asia and the Pacific and upscaled it.”

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  • Meta stock jumps after company reports first revenue growth in nearly a year | CNN Business

    Meta stock jumps after company reports first revenue growth in nearly a year | CNN Business

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    New York
    CNN
     — 

    Facebook-parent Meta on Wednesday reported that it grew sales by 3% during the first three months of the year, reversing a trend of three consecutive quarters of revenue declines and far exceeding Wall Street analysts’ expectations.

    Meta shares jumped as much as 12% in after-hours trading following the report, continuing the company’s strong trajectory since Zuckerberg announced that 2023 would be a “year of efficiency.”

    Another bright spot: user growth was relatively strong compared to recent quarters. The number of monthly active people on Meta’s family of apps grew 5% from the prior year to more than 3.8 billion and Facebook daily active users increased 4% to more than 2 billion.

    “We had a good quarter and our community continues to grow,” Zuckerberg said in a statement Wednesday. “We’re also becoming more efficient so we can build better products faster and put ourselves in a stronger position to deliver our long term vision.”

    But Meta has a long hill to climb.

    The company also reported that profits declined by nearly a quarter compared to the same period in the prior year to $5.7 billion. Price per advertisement — an indicator of the health of the company’s core digital ad business — also decreased by 17% from the year prior.

    Meta has been in the midst of a massive restructuring, as it attempts to recover from a perfect storm of heightened competition, lingering recession fears resulting in fewer ad dollars and a multibillion dollar effort to build a future version of the internet it calls the metaverse. Meta said in November it would eliminate 11,000 jobs, the single largest round of cuts in its history. And in March, Zuckerberg announced Meta would lay off another 10,000 employees. All told, the cuts will shrink Meta’s workforce by a quarter.

    Meta took a hit of more than $1 billion related to the restructuring in the March quarter, and said it will realize additional charges of around $500 million related to 2023 layoffs by the end of the year.

    Zuckerberg said on a call with analysts Wednesday that when Meta started its “efficiency work” late last year, “our business wasn’t performing as well as I wanted, but now we’re increasingly doing this work from a position of strength.”

    The company said it expects revenue to grow again in the current quarter compared to the prior year. And it slightly lowered its expectations for full-year expenses, potentially buoying investor optimism.

    “The year of efficiency is off to a stronger than expected start for Meta,” Insider Intelligence principal analyst Debra Aho Williamson said in a statement. But she added that the company “can’t afford to sit still in this environment.”

    Like other tech companies, Meta has recently read investor cues and taken to playing up its focus on artificial intelligence rather than the metaverse. The shift comes as Meta contends with the popularity of AI tools from tech firms like Microsoft and OpenAI.

    In his statement with the results Wednesday, Zuckerberg said: “Our AI work is driving good results across our apps and business.” He added in the call that the company’s AI work includes efforts to build AI chat experiences in WhatsApp and Messenger, as well as visual creation tools for posts on Facebook and Instagram and advertisements.

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  • Koch network raises more than $70 million, launches new anti-Trump ads in early voting states | CNN Politics

    Koch network raises more than $70 million, launches new anti-Trump ads in early voting states | CNN Politics

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    CNN
     — 

    The influential network associated with conservative billionaire Charles Koch has collected more than $70 million for political races, the group announced Thursday, as it gears up to help shape the outcome of next year’s contests up and down the ballot and encourage Republican voters to bypass former President Donald Trump in the White House nomination fight.

    Americans for Prosperity Action has pledged to back a single contender in the GOP presidential primary for the first time in its history. It has not yet announced whom it will support, but the group could dramatically reshape the Republican field by deploying its vast resources and standing army of conservative activists on behalf of a single candidate.

    The sums raised by the group will help advance those efforts. The lion’s share of the total announced Thursday came from two organizations affiliated with Koch: $25 million from his Kansas-based industrial conglomerate Koch Industries, and another $25 million from Stand Together, a nonprofit he founded, AFP Action spokesman Bill Riggs confirmed.

    The New York Times first reported the fundraising total.

    The group is also launching new digital spots, shared first with CNN, that cast Trump as a candidate Republicans can’t risk supporting in 2024.

    “Instead of making (President Joe) Biden answer for his reckless progressive agenda, Trump makes the debate about indictments, personal grievances and the election he lost,” one 30-second spot, titled “The Choice,” says.

    The second, called “Unelectable,” describes Trump as a serial loser who caused Republicans to lose the House, Senate and the White House. “If Donald Trump is the GOP nominee, we could lose everything,” the narrator says.

    The ads will run in Iowa, New Hampshire, South Carolina and Nevada, officials said.

    “President Trump continues to fight against the swampy D.C. insiders who would love nothing more than to have an establishment puppet they can control in the White House,” Trump spokesman Steven Cheung said in an email. “No amount of dirty money from shady lobbyists and mysterious donors will ever stop the America First movement, and that’s why President Trump continues to dominate poll after poll — both nationally and statewide. We welcome this fight.”

    AFP Action on Thursday also announced its first US House endorsements of the cycle, saying it will back Republican Reps. Juan Ciscomani of Arizona, Young Kim of California, Zach Nunn of Iowa and John James of Michigan, along with former GOP Rep. Yvette Herrell of New Mexico.

    In addition to attempting to stir doubts about Trump among the GOP faithful, network officials have said part of their 2024 strategy is to bring more general election voters into the GOP primary process to alter the outcome of early contests.

    Americans for Prosperity already has reached out to 1.4 million potential new Republican and swing voters in nearly a dozen states, officials said.

    In a statement to CNN earlier this month, Americans for Prosperity CEO Emily Seidel said the group’s voter interactions have demonstrated to it that many Trump supporters are “receptive to arguments that he is a weak candidate, his focus on 2020 is a liability, and his lack of appeal with independent voters is a problem.”

    “That tells us that many Republicans are ready to move on, they just need to see another candidate step up and show they can lead and win,” she added.

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